2, SCHOOL LANE, BENFLEET, SS7 1NS - £250,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 SCHOOL LANE is a very small extended detached house of 73m², built sometime between 1950 and 1966, which could now be worth an estimated £452,720. It was last sold for £250,000 in November 2011, which was around 1% below the average November 2011 detached price in the Castle Point local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was D.

2 SCHOOL LANE Sold Prices

Land registry data shows three sales for 2 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Castle Point local authority area for the corresponding sale date. All of the three 2 SCHOOL LANE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2011 1 NOV	£250,000	£253,028	1% below HPI
2005 31 AUG	£205,000	£232,296	12% below HPI
1996 17 SEP	£68,000	£79,189	14% below HPI

2 SCHOOL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Castle Point local authority area over time, sourced from the HPI. The three 2 SCHOOL LANE sales between September 1996 and November 2011 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2005 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2011 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 2 SCHOOL LANE be worth now?

2 SCHOOL LANE might now be worth an estimated £452,720.

This is based on house price inflation of 81.1%, between November 2011 and March 2025, for detached houses, in the Castle Point local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 81.1% inflationary increase is applied to the most recent sale price for 2 SCHOOL LANE of £250,000 on 1st November 2011. For the value to have increased from £250,000 to £452,720 over the fourteen years and eight months to March 2025, the following assumptions must hold true:

• The value of 2 SCHOOL LANE has moved in line with the HPI for detached houses in the Castle Point local authority area.
• The November 2011 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SCHOOL LANE has not materially changed since November 2011.

How Large is 2 SCHOOL LANE?

2 SCHOOL LANE is 73m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% of detached houses houses in South Benfleet, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Benfleet, and where 2 SCHOOL LANE lies on this distribution: 7% of detached houses houses are smaller than 2 SCHOOL LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in South Benfleet.

2 SCHOOL LANE: Plot and Title Map

2 SCHOOL LANE sits on a plot of roughly 0.120 of an acre, or 486m². The below map shows the location of 2 SCHOOL LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 SCHOOL LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 SCHOOL LANE?

2 SCHOOL LANE is located in BENFLEET, in the SS7 postcode district. The below map shows the position of No. 2 on SCHOOL LANE.